Homes for sale - 1710 E G Avenue, Parchment, MI 49004

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Chollie Houghtaling

chollie@realtorsinmichigan.com +1(248) 764-0614

$1,950,000

Est. payment - /mo

0.86 Acres Lot

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UPDATED:

10/29/2024 02:42 PM

Key Details

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Active

Purchase Type For Sale

Municipality Parchment City

MLS Listing ID 24056680

Year Built 1973

Annual Tax Amount $16,700

Tax Year 2024

Lot Size 0.860 Acres

Acres 0.86

Lot Dimensions 0 X 0

Property Description

This 16-unit multi-family property, located just outside Kalamazoo in the thriving Parchment community, presents a prime opportunity for cash flow and long-term growth. The property features 11 two-bedroom, one-bath units, and 5 one-bedroom, one-bath units, all fully renovated along with the common areas. Currently, 15 units are tenant-occupied, and the final unit is in the process of being leased, with several applications submitted. Recent improvements include a resurfaced parking lot, new roof, boiler, and AC units, ensuring low maintenance and minimal future capital expenditures. Conveniently located near Parchment High School, Elementary School, and major manufacturing companies, the property offers easy access to Gull Road and nearby shopping. This is a true turnkey investment offering immediate cash flow, enhanced by an assumable mortgage with a below-market interest rate for maximum profitability. This is a true turnkey investment offering immediate cash flow, enhanced by an assumable mortgage with a below-market interest rate for maximum profitability.

Location

State MI

County Kalamazoo

Area Greater Kalamazoo - K

Direction South on Riverview Dr, East on G Ave.

Rooms

Basement Full

Interior

Heating Baseboard, Hot Water

Cooling Wall Unit(s)

Fireplaces Number 1

Exterior

Utilities Available Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected, Sewer Available

View Y/N No

Roof Type Composition

Street Surface Paved

Total Parking Spaces 32

Building

Lot Description Level

Sewer Public Sewer

Structure Type Vinyl Siding

New Construction No

Schools

School District Parchment

Others

Tax ID 06-02-201-040

Acceptable Financing Cash, Assumable

Listing Terms Cash, Assumable

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Listed by Keller Williams GR East

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Chollie Houghtaling

+1(248) 764-0614

Broker | License ID: 431484

Broker License ID: 431484

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1710 E G Avenue Parchment, MI 49004

Chollie Houghtaling

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1710 E G Avenue